Slide Insurance CEO converts 22,918 RSUs
CEO Lucas Bruce reports RSU vesting, tax-related share withholding, and sizable indirect holdings in Slide Insurance Holdings, Inc.
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. (SLDE) reported that Chief Executive Officer and director Lucas Bruce exercised restricted stock units into common stock on August 31, 2026, for himself and indirectly for his spouse, with a portion of the resulting shares withheld to cover tax liabilities. He also reports large indirect common stock holdings through an LLC and family trusts, while disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
45,836 shares exercised/converted
Exercise
9 txns
Insider
Lucas Bruce
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F7, F8 | 22,918 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit F7, F8, F3 | 22,918 | $0.00 | $0.00 |
| Exercise | Common Stock | 22,918 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,019 | $23.25 | $210K |
| Exercise | Common Stock F2, F3 | 22,918 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 93,633 contracts (Direct);
Restricted Stock Unit — 93,633 contracts (Indirect, By Spouse);
Common Stock — 2,207,043 shares (Direct);
Common Stock — 1,394,354 shares (Indirect, By Spouse);
Common Stock — 34,506,199 shares (Indirect, By IIM Holdings II, LLC);
Common Stock — 1,925,000 shares (Indirect, By Emma Cloonen Irrevocable Trust);
Common Stock — 1,925,000 shares (Indirect, By Ava Cloonen Irrevocable Trust)
Footnotes (8)
- F1. The securities reported herein are held by IIM Holdings II, LLC, which is an entity controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F2. The amount shown reflects the amount owned by the Reporting Person's spouse after the vesting of 22,918 restricted stock units on August 31, 2026 and the withholding of 9,019 shares of common stock for the payment of the tax liability associated therewith.
- F3. Represent shares of common stock beneficially owned by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F4. Represent shares of common stock beneficially owned by the Reporting Person's spouse through Securus Risk Management LLC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F5. Represent shares held through the Emma Cloonen Irrevocable Trust, of which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F6. Represent shares held through the Ava Cloonen Irrevocable Trust, of which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F7. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock
- F8. These restricted stock units vest in 24 equal monthly installments commencing on January 1, 2025 and ending on December 31, 2026, subject to the Reporting Person's continued employment or service through each applicable vesting date.
Key Figures
RSUs converted (Bruce): 22,918 units
RSUs converted (spouse): 22,918 units
Shares withheld for tax liability: 9,019 shares
+5 more
8 metrics
RSUs converted (Bruce)
22,918 units
Restricted stock units converting into common stock for Lucas Bruce on August 31, 2026
RSUs converted (spouse)
22,918 units
Restricted stock units converting into common stock beneficially owned by spouse on August 31, 2026
Shares withheld for tax liability
9,019 shares
Common shares delivered or withheld at $23.25 per share to pay tax on spouse’s RSU vesting
Tax withholding price
$23.25 per share
Price used for 9,019 common shares withheld for tax liability
Indirect holdings via IIM Holdings II, LLC
34,506,199 shares
Common stock beneficially owned indirectly through IIM Holdings II, LLC after the reported transactions
Emma Cloonen Irrevocable Trust holdings
1,925,000 shares
Common stock held indirectly through the Emma Cloonen Irrevocable Trust
Ava Cloonen Irrevocable Trust holdings
1,925,000 shares
Common stock held indirectly through the Ava Cloonen Irrevocable Trust
Direct RSU-related holdings after transaction
93,633 units
Restricted stock units shown as held directly following the derivative transactions
Key Terms
Restricted Stock Unit, beneficial ownership, pecuniary interest, Irrevocable Trust, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these securities except"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
Irrevocable Trust financial
"Represent shares held through the Emma Cloonen Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
tax liability financial
"withholding of 9,019 shares of common stock for the payment of the tax liability"
FAQ
What did SLDE CEO Lucas Bruce report on this Form 4?
Lucas Bruce reported exercising restricted stock units into common stock for himself and indirectly for his spouse on August 31, 2026, with some common shares withheld to satisfy related tax liabilities, and he detailed significant indirect holdings via an LLC and family trusts.
How many Slide Insurance (SLDE) RSUs vested or were converted in this filing?
The filing reports 22,918 restricted stock units converting into common stock for Lucas Bruce and 22,918 restricted stock units converting into common stock beneficially owned by his spouse, each RSU representing a contingent right to receive one share of common stock.
What indirect Slide Insurance (SLDE) holdings does Lucas Bruce report?
Lucas Bruce reports indirect beneficial ownership of 34,506,199 common shares through IIM Holdings II, LLC, and 1,925,000 common shares each through the Emma Cloonen Irrevocable Trust and the Ava Cloonen Irrevocable Trust, while disclaiming beneficial ownership beyond his pecuniary interest.
Were Lucas Bruce’s SLDE transactions under a Rule 10b5-1 plan?
The Form 4 indicates that no Rule 10b5-1 trading plan is reported for these transactions, as the document-level checkbox for Rule 10b5-1 was not marked as affirming plan status.
What is the vesting schedule of the SLDE restricted stock units in this report?
The restricted stock units referenced in the filing vest in 24 equal monthly installments commencing on January 1, 2025 and ending on December 31, 2026, subject to Lucas Bruce’s continued employment or service through each applicable vesting date.
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